US close: Wall Street finishes mixed after better-than-expected services data
Wall Street trading finished the day as it started on Tuesday, settling in a mixed state, as investors digested a better-than-expected reading on the US services sector.
Dow Jones I.A.
37,996.93
04:30 15/10/20
Nasdaq 100
17,155.23
08:10 19/04/24
The Dow Jones Industrial Average was off 0.06% at 24,799.98, while the S&P 500 added 0.07% to 2,748.80 and the Nasdaq 100 managed gains of 0.32% to 7,166.75.
Earlier, the tech-heavy Nasdaq Composite had hit a fresh record high of 7,644.48.
Traders were also monitoring news out of Italy, with the new Prime Minister, Giuseppe Conte, having promised to take a hard line on the business of human trafficking with immigrants, and to push for the lifting of Western sanctions on Russia.
“The Dow Jones didn’t get up to much after the bell, content to squat on the 24800 it clambered its way back to on Monday,” said SpreadEx financial analyst Connor Campbell.
“The dollar fared better; the dual boost of better than forecast Markit and ISM services PMIs sent it 0.4% higher against the euro, while allowing cable to shrink its losses from 0.5% to 0.2%.”
On the economic front, the Institute for Supply Management revealed that its survey of businesses, excluding manufacturing, rose to 58.6 in May, from the 56.8 reported in April, which was close to a 13-year high.
Numbers over 50% are viewed as positive for the economy, while anything over 55% is seen as exceptional.
Job openings rose to a new high in April, according to the Labor Department, hitting 6.7m after the 6.63m recorded a month earlier.
The March figures were part of an upward revision from the initially reported 6.55m.
In company news, the focus was again on technology issues, with Twitter and Apple both figuring prominently in the headlines.
Twitter shares moved up 4.96% following news that the social media giant would be added to the S&P 500 index on 7 June, replacing Monsanto as its $63m deal with Bayer AG headed towards its final close.
Apple shares pushed 0.77% higher following its Worldwide Developers Conference on Monday.
Stock in apparel outfit G-III shot up 10.84% after posting adjusted first-quarter earnings per share of $0.22, significantly ahead of the consensus $0.05 loss projected by analysts.
Mylan shares picked up 3.84%, reversing some earlier gains, after the drugmaker received approval from the Food and Drug Administration to produce a drug similar to one made by Amgen, itself down 2%.
Starbucks slipped 2.44% after its executive chairman, Howard Schultz, announced he would be stepping down from the firm on Monday.
Dow Jones - Risers
Dowdupont Inc. (DWDP) $67.89 1.13%
Apple Inc. (AAPL) $193.31 0.77%
General Electric Co. (GE) $13.80 0.66%
Microsoft Corp. (MSFT) $102.19 0.51%
International Business Machines Corp. (IBM) $143.70 0.46%
Chevron Corp. (CVX) $122.73 0.38%
Visa Inc. (V) $133.56 0.37%
Caterpillar Inc. (CAT) $153.01 0.33%
Verizon Communications Inc. (VZ) $47.96 0.31%
Home Depot Inc. (HD) $191.94 0.30%
Dow Jones - Fallers
Merck & Co. Inc. (MRK) $61.40 -1.02%
Walmart Inc. (WMT) $84.62 -0.94%
Coca-Cola Co. (KO) $43.11 -0.87%
Goldman Sachs Group Inc. (GS) $228.34 -0.67%
JP Morgan Chase & Co. (JPM) $107.84 -0.56%
Intel Corp. (INTC) $56.53 -0.53%
McDonald's Corp. (MCD) $159.52 -0.46%
Travelers Company Inc. (TRV) $129.11 -0.42%
Johnson & Johnson (JNJ) $121.49 -0.39%
Exxon Mobil Corp. (XOM) $80.68 -0.36%
S&P 500 - Risers
Macy's Inc. (M) $40.05 7.95%
Spectra Energy Corp. (SE) $16.43 7.12%
Gap Inc. (GPS) $31.19 6.82%
Urban Outfitters Inc. (URBN) $46.42 5.00%
SCANA Corp. (SCG) $36.71 4.86%
Kohls Corp. (KSS) $74.94 4.72%
L Brands Inc (LB) $37.19 3.88%
Mylan Inc. (MYL) $39.98 3.84%
Under Armour Inc. Class A (UAA) $23.51 3.61%
Dollar General Corp (DG) $94.19 3.49%
S&P 500 - Fallers
First Solar Inc. (FSLR) $58.24 -5.67%
Carnival Corp. (CCL) $60.59 -4.34%
Royal Caribbean Cr (RCL) $102.16 -4.09%
DENTSPLY Sirona Inc. (XRAY) $42.29 -3.76%
Wynn Resorts Ltd. (WYNN) $176.88 -3.25%
Vertex Pharmaceuticals Inc. (VRTX) $145.72 -2.63%
Owens-Illinois Inc. (OI) $18.38 -2.60%
Mattel Inc. (MAT) $15.56 -2.45%
Starbucks Corp. (SBUX) $55.68 -2.44%
Marathon Oil Corp. (MRO) $20.59 -2.37%
Nasdaq 100 - Risers
Mylan Inc. (MYL) $39.98 3.84%
Intuitive Surgical Inc. (ISRG) $492.37 3.02%
Seagate Technology Plc (STX) $59.18 2.98%
Asml Holdings N.V. (ASML) $209.32 2.65%
eBay Inc. (EBAY) $40.04 2.48%
Qurate Retail Inc. (QRTEA) $20.95 2.20%
Dollar Tree Inc (DLTR) $82.95 2.14%
PACCAR Inc. (PCAR) $64.41 2.11%
Amazon.Com Inc. (AMZN) $1,696.35 1.87%
JD.com, Inc. (JD) $38.87 1.86%
Nasdaq 100 - Fallers
Liberty Global plc Series C (LBTYK) $27.26 -4.01%
Liberty Global plc Series A (LBTYA) $28.19 -3.82%
DENTSPLY Sirona Inc. (XRAY) $42.29 -3.76%
Wynn Resorts Ltd. (WYNN) $176.88 -3.25%
Vertex Pharmaceuticals Inc. (VRTX) $145.72 -2.63%
Starbucks Corp. (SBUX) $55.68 -2.44%
Amgen Inc. (AMGN) $181.73 -2.00%
Tesla Inc (TSLA) $291.13 -1.89%
Hasbro Inc (HAS) $87.06 -1.79%
American Airlines Group (AAL) $44.18 -1.52%